What would the profits be for Mattie's Dairy if Irene does not enter the market?

For a monopolist:

a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero. e. average total cost equals marginal cost.

Assume that the supply curve for tomatoes is upward sloping. If the price per pound increases from $0.99 to $1.89, a greater quantity of tomatoes will be supplied to the market

a. True b. False Indicate whether the statement is true or false